Member Info for MartyPoppins

Holders should not worry - PoG goes back up, TSG will go back up. Barring major disruption, almost all functioning gold producers follow that relationship.

Finally....

Quietest board on LSE!

This is another share I have moved from the 'purely speculative' part of my portfolio to the 'med/LT hold' section. I too see enormous potential.

Bought this share as purely speculative at a (very) low price, but rather than pull out at a 200% profit as I normally do on such buys, I have instead topped up and moved the share into my medium/long term hold category. Management don't let me regret breaking my normal investment rules!!!!

"Perfectly aligned interests......" Just what planet are blowing from - Uranus? How many AIM- listed companies have you actually invested in before?

And no comment on the 1.6M Dollar Man's recent performance (working endlessly for the good of all shareholders) - down from 46p to 26p. Impressive stuff. Your unending smugness at the unending price collapses and management mishaps makes me wonder if you hold any shares at all. Actually, to be honest, I'm not really interested.

Not that difficult, Einstein. I'm talking about a management team that has very successfully overseen a share price drop from 46p to 26p. If you think that is great for PI shareholders then I suggest you re-read your Peter and Jane book on investing.

"I wish all our fans......." Either the guy has lost it or is taking the p*ss.

TT,

Now the max is 20-25p -what happened to your £1+?

OK, as usual we will skip over that one - 20-25p it is. Which means 10p, if investors are lucky.

The only thing PI's know with certainty about this company is that they have no idea what management is thinking or doing. $2m of SBB - why bother at that amount? I mean it's little over OF's annual remuneration package. And before that, pay well over 40p for own shares now worth 28p? Is that financially clever? Sure, holders who wanted to sell got an uplift for shares offered for sale, but look where they are now on the balance of their holding. Presumably there was supposed to be some follow up to the 10% BB to keep the SP up at that 40p + level, but eh...... Or is the follow up an enormous $2m SBB? That should rock the market. Let's hope management has even a vague idea of what it is doing with these financial games.

Being a minority holder here is like playing blindfold against poker sharks. The majority holders tell a shady self-serving management what to do; the minority holders simply watch on bemused, knowing that they are last on the list.

Neil,

Almost zero interest in ENQ - traded a few times and remain with a tiny 17p holding. I read that BB simply because I am fascinated by those ENQ posters who continue ad nausium posting obscure financial observations and shipping routes and timetables (....) when none of it matters. Maybe I have too much time on my hands.....I think I even posted twice on the board to say that LTH's should trade about 30% of their holding - otherwise it's just years of dead money. Of course the LTH's said they couldn't possibly let go of even 1 share of their precious company. Oh well - I tried.

PMG is a different story. I don't know how the share will perform in the future - however I do know that TC (and now his family....) have been making a fortune off the backs of long suffering shareholders for years. A distinct lack of integrity IMO and yet few of those invested appear to mind. Oh well, I tried again.

Good luck with PMG and I hope the ENQ holders finally get a break - they deserve it with their unending loyalty.

Share up 20% today giving a price of eh, a little over 3p. People probably feeling rich. Let's work out the % rise needed to get to the 100p+ the rampers insist this rubbish is going to....

Neil,

'Doom monger' ? Have you read that guy on the ENQ board who posts about 8 times a day? Now, HE is a doom monger.......

Do people know which companies remain in the portfolio?

I never short shares and have not shorted this share. However I hate to see shareholder abuse - all too frequent on AIM. An even greater example of shareholder abuse has been with AAOG (also O&G) - was over 20p, now about 2.5p due to an appallingly bad management team that has merrily led investors down a dark and endless path of incompetence, lies and dilution. Despite the fall, the board there STILL has its resident rampers daily pumping the share as a great investment.

SotB/BLY,

Irrespective of one's opinions on renewables, did the company (sorry, shareholders) really have to buy THAT farm? A 10 minute search on the internet shows you better deals. If the same shareholders who paid for the 'asset' through dilution had been asked beforehand, do you think they would have agreed to this bizarre purchase?

Neil, from your comments I suspect that you have bet your own farm on PMG (sheep included) - it might work out, but rest assured that for every pound you get management will get 1,000.

In any case, I can't wait for the next published set of financial statements - front cover a picture of TC with beard and shaggy jacket holding a sheep; lyrics of Mull of Kintyre on the inside; and an article included on the benefits of veganism by TC's wife.

ROFL, Neil? Only because I have not lost money on this investment.

The farm purchase is ROFL and indicates management's arrogance, lack of concern wrt the well-being of shareholders and an absolute lack of integrity. The amount involved is relatively small, but untrustworthy in small matters = untrustworthy in big matters. The management team (and family....) has AIM written all over it.

"What's not to like......"? Let's start with a share price down almost 50% from one year highs; the dubious purchase of assets from family (.....) members paid for directly by shareholders via dilution, indicating management's absolute distain for LTH's; and a management team that has milked the company for years while investors have got nothing.

The more I look into this company, the worse the shareholder abuse gets. The share price might go up - but that will be in spite of, rather than because of, management. Good luck.

"Give it 3 years..........". 3 years ago the share price was 60p - now it is 38p. The only people to make money out of this company have been TC, his wife and the BoD.

Z,

A lot of AIM companies are set up almost purely for the benefit of managememt and directors, especially in the O&G and mining sectors. The company is established using mostly third party funding and continues for as long as it can, allowing management and directors pull out enormous remuneration packages to the end. And just in case the company happens to be successful, they also award themselves gigantic amounts of warrants and other share-based bonuses. See the PMG financial statements for a good example of the latter. These companies are also charactorised by share issue and dilutions, thereby pulling more cash and/or assets in at no cost to the company - paid for by new shareholders at a cost to old shareholders who see the value of their shareholding diminish. Dividends are rarely paid by these companies as, reducing the amount of funding available for management to extract, they are considered wasteful.

There are countless examples of such companies on AIM, with PMG being an extreme case - as shown recently by the purchase of Cross' wife's farm (.........) by the company, paid for entirely by existing shareholders.

Of course, the share price of such companies CAN move up as shown today, so that both shareholders and management benefit - however prior to today, the share price of PMG has halved while management and directors continue to extract their enormous remuneration packages. While taking courses in sheep farming.

I don't care if he is Chinua Achebe (although in that case I would have hoped his spelling would be a bit better) - he tells it as it is for SLE. And as the SP burns below 26p, OF plays the fiddle in his palatial apartment in London (rented out to SLE at inflated rates of course, like a good Nigerian).